Weekend Reading: Markets Experience A “Trexit”

There was little doubt going into the election who was going to win. Whether it was the mainstream media, the polls, or the political punditry; the answer was clear.

“Hillary was going to be the 45th President of the United States.”

But it did not turn out that way.

As I discussed many times on my Houston morning drive show, “The Lance Roberts Show,” what the “experts” missed was evidence of another “Brexit.”

As with the “Brexit,” the polls, Wall Street, and the experts were wrong as the “Shy-Tory” effect took hold. This effect was derived from individuals being unwilling to express their opinions in fear of persecution from the counter party, but voted their beliefs at the polls. While the market “bet” Britain would stay in the E.U., the vote turned out differently.